http://en.wikipedia.org/wiki/James_Pascoe_Group
Larger than Warehouse and Michael Hill combined?
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http://en.wikipedia.org/wiki/James_Pascoe_Group
Larger than Warehouse and Michael Hill combined?
http://www.stuff.co.nz/business/mone...-to-top-brands
Is this bad news or what? - anyway be interesting to see if this shows in there results
A shocker of a result cemented by the lowering of the dividend to 16c for the full yr, infact the interim div has been on a decline for 3 yrs now not a good sign also the metrics now like pe, eps all make whs look extremely expensive compared to others say like Briscoe.
wonder if the nomans will be supporting the price again - get it anyway maybe a coffee with rod ddukes might help
Results in line with update issued in January by WHS.
Game is now not just on results but what is happening behind the scenes with Pascoe, Tindall & Foodstuffs.
16cps dividend (fully imputed) still means 7.6% gross yield - well above what Pascoe or Foodtsuffs borrow money at!
whs market probably wont collapse yes telegraphed and normans are supporting price but you are paying expensive price based on current metrics and remember sales look like they only going up because they discounting so you get more sales so no profit because of this and there costs are going up across the board so enjoy your expensive div why it last
look at the future earnings multiples you are paying for your 7.6% yield, remember just cause it is 7.6% doesn't mean it wont be 10% next yr
A shocker as expected. Yes its already factored in, but will still see some price pressure
Recent trend has seen flling price, inreupted by buying from Norman sending it higher, before drifting again
Let it drift then buy low and wait is the plan